Star Data significantly strengthens its board with three new directors - Aubrey W. Baillie, Sydney R. McMorran and Donald P. Woodley
TORONTO, Oct. 6 /CNW/ - Star Data Systems Inc. (STY/TSE) today announced
that three prominent Canadian corporate leaders have been elected to its Board
of Directors by shareholders at yesterday's Annual and Special Meeting.
Aubrey W. Baillie is Deputy Chairman and recently retired Chief Operating
Officer of Nesbitt Burns Inc., a wholly-owned subsidiary of the Bank of
Montreal and one of Canada's leading investment banks. Sydney R. McMorran most
recently served as Vice Chairman of The Toronto-Dominion Bank, a position he
held for six years until his retirement in 1998. Donald P. Woodley has
recently retired as President of Oracle Corporation Canada, Inc., the Canadian
subsidiary of the world's second-largest software company.
``The decision by these three well-known executives to join our Board of
Directors is a strong vote of confidence in the vibrant and promising future
of Star Data,' stated Alan Hutton, Star Data President and Chief Executive
Officer. ``Star Data is developing e-settlement technology to meet the
emerging needs of the North American wealth management industry. Our new
directors contribute significantly to the experience and independence levels
of our Board, and will provide invaluable guidance to management in furthering
our corporate strategy.'
Star Data is the leading supplier of online, real-time financial and
transaction processing services to the Canadian investment community.
Information Services include stock market quotations across North America,
analytical support and corporate and financial news. Transaction Processing
Services include shareholder and portfolio management, and real-time brokerage
accounting systems.
Additionally, Star Data is developing e-settlement technology to serve
North America's emerging wealth management infrastructure, by enabling the
banking and securities industries to achieve real-time convergence of their
transaction processing.
Star Data is based in Toronto, has offices in Vancouver, Calgary,
Winnipeg, London, Markham, Montreal, Halifax and London, UK., and employs more
than 400 people. The Company is listed on the Toronto Stock Exchange under the
symbol STY. For additional details on all ten directors, please visit our
website at www.stardata.com. |
